"Carbon (Dioxide) trading is now the fastest growing commodities market on earth.....And here’s the great thing about it. Unlike traditional commodities markets, which will eventually involve delivery to someone in physical form, the carbon (dioxide) market is based on lack of delivery of an invisible substance to no-one. Since the market revolves around creating carbon (dioxide) credits, or finding carbon (dioxide) reduction projects whose benefits can then be sold to those with a surplus of emissions, it is entirely intangible." (Telegraph)
This blog has been tracking the 'Global Warming Scam' for over five years now. There are a very large number of articles being published in blogs and more in the MSM who are waking up to the fact the public refuse to be conned any more and are objecting to the 'green madness' of governments and the artificially high price of energy. This blog will now be concentrating on the major stories as we move to the pragmatic view of 'not if, but when' and how the situation is managed back to reality. To quote Professor Lindzen, "a lot of people are going to look pretty silly"
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Friday, 7 November 2014
U.S. Mid-Terms, Tom Steyer and the Death of 'Climate Change' As a Serious Political Issue
If you had to pick one person who embodied everything that is most irritating and wrong about the Obama administration - the Solyndra-style crony capitalism, the war on free markets, small business and cheap energy, the hypocrisy, the injustice, the dogged pursuit of suicidal leftist causes - then liberal billionaire Tom Steyer is your man.
And this is what is so good about the US mid-term results. Not only did they personally cost Steyer many millions of dollars in wasted campaign expenditure - nearly $75 million of the funding for his Nextgen Climate superPAC came out of his own pocket: think how many tartan ties you could buy with that! - but they represented the US electorate's comprehensive repudiation of the notion that "climate change" is the most pressing political issue of our age.
No it isn't. It really, really isn't. Anyone with half a brain could have told you that the economy, for a start, is much more important. The idea that anyone should ever have thought otherwise - especially people as eminent and influential as the President of the USA and his Secretary of State John Kerry (who considered climate change at least as great a threat as Islamic State) - will surely remain one of the greatest puzzles to future historians of the Obama administration.
Why, these historians will wonder, did Obama choose to stake his reputation - in his second term especially - on an issue so relatively trivial and so liable to blow up in his face as new scientific evidence emerged (eg the fact that there has been no "global warming" since 1998)? "